Housing costs in Graham Lakes?
A typical home costs
$272,900, which is 19.3% less expensive than the national average of
$338,100 and 11.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Graham Lakes costs
$860 per month, which is 39.9% more than the national average of
$1,430 and 44.2% more than the state average of
$1,240.
Can I afford Graham Lakes?
To live comfortably in Graham Lakes, Minnesota, a minimum annual income of
$52,200 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Graham Lakes?
The cost of living in Graham Lakes, MN is relatively low compared to other areas around the country. The median home value in Graham Lakes is currently $164,700, which is significantly lower than the national average of $231,200. Additionally, the median household income in Graham Lakes is about $56,678, which is much lower than the state average of $64,490. Despite the lower incomes and home values, residents are able to find a good balance between quality of life and affordability. Groceries and healthcare are both relatively affordable in this area as well. Overall, living in Graham Lakes can be considered a great deal when it comes to cost of living considerations.